- Personal Finance
Ways to Stretch a Dollar
Are you looking for ways to make your dollar go further? There are many ways you can make your dollar stretch in all aspects of your life. We all know these days that stretching your money can be hard, but it can also benefit you and your family in the long run.
In order for you to stay on track is making a budget whether it is monthly or weekly. Yes, everyone knows staying on a budget can be hard especially when we have mishaps that we were not planning, but in order to have some cushion (savings) we will need to stick to the budget no matter what may happen in life.
Cars can be quite expensive especially if you are driving a truck or a big SUV that loves to run through glass like it is water. If you do own a truck or a big SUV and your spouse owns a small automobile try taking the small automobile around more, so you won’t have to fill up as much as you do right now.
Change your own oil. Even though an oil change only costs about $20-$30 depending on where you go, it can add up within a year, especially if you are always driving. Plus, changing your own oil will not only save you money, but will allow you to learn a new skill and you can help others change their own oil for a small fee.
Avoid ATM fees! You know what that means, right? Do not use ATM’s that will charge you those pesky $2-$3 dollar fees. Yes, you may say what you can do with $2 or $3, if you use that ATM at least once a week you are spending around $100 a year! It is not a lot, but when you have no room for mishaps you cannot afford to waste any of your hard earned money.
Carry cash! Yes, carrying cash only will help you not spend the money you have in your pocket. Many individuals who carry cash only spends money on their necessary items they need and eliminates purchases that they can live without.
Clothes can be a budget buster to anyone’s budgets! Purchase clothes that do not have to be dry cleaned. Dry cleaners can be expensive and that is something that everyone can live without as long as you purchase clothes that can be machine washed. Also buy your clothes on clearance! All stores now a day has a clearance section and they are not filled with the reject item either. You can find some good steals in the clearance sections if you have the patience to look through everything.
Credit cards can get you in deep trouble if you are not very careful with them. The best thing to do is if you have a credit card is use it for something like gas or perhaps food. You do not need to use them all the time either just once or twice a month is good, but the catch is you have to pay for them before the bill is due. Let’s say you will use the credit card for your gas each and every month to keep them active. Well, figure out how much money you have to spend on gas and pay with your credit card and when you come home go online and pay for the bill, so you do not have to worry about paying for that later on.
When using credit cards look and see if any of yours gives you rebates. Many credit cards gives people incentives to use them, but the catch is to use them wisely, so pick to use them on one purchase here and there and use your cash the rest of the time.
There are many ways you can save on food. For one, you can use coupons and buy items that are on sale. Yes, if you see an item on sale and it is not your normal brand that you usually get why don’t you purchase that one for a change and save some money?
Also planning what you are going to make can maximize your savings. Especially, if you coordinate what you are going to make with what is on sale at your local grocery stores. That can help you cut cost tremulously.
Also try and stay away from take out. Yes, it can be fast and the food can be so tempting, but it can easily rack up your food bill without you truly realizing it. In order for you to save any kind of money with food eating home is the only option.
Your health should be at the top of your list no matter what. I know many people in this day and age does not have health insurance, but if you do not smoke and stay up on your checkups you should be fine. The less you spend on other aspects of your life the better savings you will have just in case you get sick and need to pay out of pocket.
These are just some of the major aspects of people’s lives. Yes, there is more you can save with, but this will help you start seeing instant results. Start small and work your way up before you know it will be second nature to you and you will see your savings account grow and grow!